Artificial Intelligence, or AI, transformed the digital landscape in more ways than one. Image-recognition software, semi-autonomous vehicles, medical robots and other AI-enabled technology are all possible with this revolutionary technology.
For marketers, AI also presents opportunities we never could’ve dreamed of. With AI marketing, digital markets can improve personalization and generate better performance and profits, adding to an already strong data-driven focus.
With AI, the consumer experience can be personalized in a way that’s
easier and more cost-effective. This allows brands to achieve incredible gains
through a deeper understanding of the customer base.
Learn more about the applications for AI in marketing and see how it can
revolutionize your marketing campaigns.
What is Artificial Intelligence (AI)?
Intelligence is simulated intelligence in machines that are programmed to “think”
like humans and mimic human behavior. At its best, AI can rationalize and take
action to achieve a specific goal, which has virtually limitless real-world
AI automates repetitive learning and discovery through data and adapts
through progressive learning algorithms. By finding structure and patterns in
data, these algorithms become a predictor and the machine can optimize itself.
AI works on a much larger scale than the human mind, however, which
gives it the ability to analyze larger data sets and more detailed data. On top
of that, the more data AI has to work with, the better it learns and the more
accurate the predictions will be. Because of this, AI gives you a competitive
advantage, since the one with the best data has the edge.
Search engines have come a long way from the days when you needed to
know the exact product name to find what you were looking for. Search engines
with AI are getting smarter and more capable of discerning your intent behind a
search, so it’s able to provide you with more relevant results.
By using the techniques employed by AI-enabled search engines,
businesses can help customers find the product or service they’re looking for,
regardless of how jumbled the search term became.
As an example, searching for a product on a massive e-commerce platform,
such as Amazon, only requires a general term. Like Google, it will finish your
search term and correct any typos in an effort to give you the most relevant
results. It also provides an advanced search feature, which offers more
Programmatic advertising is the automated process of buying and selling ads. Advertisers and publishers connect to an ad inventory, through which they can exchange advertisements. AI helps this process by using algorithms that analyze user behavior and optimize the campaign for more relevant results.
Like other sales platforms, this is achieved by targeting consumers with
a high chance of converting. Basically, it’s targeting the consumers searching
with the express intent to purchase. Cookies also provide insights to help AI
tailor the campaign.
For example, AI and programmatic advertising can be used to target apprehensive
buyers by analyzing internet trends and identifying preferences for better
targeting. Matching the subscriber, cookie data, and other data sets offer a
clearer picture of consumer behavior. This allows marketers to create better
segments and duplicate audiences as well.
The customer experience is an important part of successful marketing,
and it’s receiving more and more attention with the recent
changes to the Google algorithm. Marketers want to meet or exceed customer
expectations as much as possible, as well as determine if engagement will
ultimately lead to the sale.
With AI, marketers can make better predictions about market demand,
giving them the information needed to nurture a prospect or move on to the next
For example, if you can gain an accurate prediction of how much
inventory you’re likely to sell, you know when to boost your marketing efforts
to get the sales. You can also double down on the inventory you have in
anticipation of higher-than-average sales.
Though it may seem outlandish, AI can also analyze the conversations you
have with a customer to identify your successes and failures. It can then
advise you on whether to continue with the prospect.
AI systems can find, compile and present valuable content to your target
audience by pulling information from different data sets. This is a complement
to your content marketing strategy, because you now have relevant, highly
targeted, curated content ideal for your audience.
Marketers can use AI to come up with marketing strategies based on this
data as well. If the content curation is targeting the ideal customers with
this insight, those insights can prove invaluable to developing a strategy to
communicate with your audience.
A similar technique can also be used to gather information on prospects
and send marketing messages to them. Over time, the prospect is likely to
subscribe or buy, since the offer is exactly what they’re looking for.
Chatbots are a vital part of modern digital marketing. AI-enabled
chatbots provide responses to customer inquiries and engage customers, leading
to greater customer retention.
For example, a large business will struggle to keep up with millions of
customers, even with a full team dedicated to customer service alone. Chatbots
are available to address the minor needs of the customer, engaging them and
freeing up a representative to handle the more involved questions and concerns.
Chatbots are also available any time, day or night, which is more practical
than having a full team around the clock.
The only way to tell if your marketing campaign is performing well is
with analytics, giving you insight into what is and isn’t working. AI and
machine learning provide detailed analyses and insights into which advertising
efforts are succeeding. This allows you to make more informed decisions about
where to direct your future campaign efforts.
AI shows you how many clicks an ad received, which country or region
they came from, what platform they came from, and other valuable data. Using
this data to inform your advertising campaign will give you a higher ROI.
These same insights can also be used for future predictions. Instead of
focusing on right now, AI gives marketers a better picture of overall trends to
tailor the strategy for future goals and continue to increase conversions along
Predicting future market trends is one thing,
but being able to apply accurate dynamic
pricing strategy is another. This allows you to optimize sales when the demand
is high and find out when to offer discounts to increase sales. AI is able to
keep up with the imperceptible shifts on a much larger scale than we can,
giving you accurate predictions to keep with the dynamic pricing trends.
With marketing enhanced by AI, marketers can rely on AI to determine the
effectiveness of marketing campaigns and learn where to invest for the best
ROI. AI also improves the customer experience and offers better opportunities
for engagement, building a more loyal audience.
Regardless of industry, all modern marketing efforts benefit from the
capabilities of AI. It not only simplifies the process and provides more
cost-effective solutions, but it’s also more accurate and effective.
With so many businesses getting on board with
AI-enabled marketing, you can’t afford to let your business fall behind.